Forex Chart Review and Forecast

Let’s review our Forex charts HERE, on, April 17th, 2018, in our Forex Signal and Forecast report, we talked about DXY climbing higher and EURUSD dropping. We are still waiting for this to take place, the market was not favoring one over the other yesterday and we had a pretty slow day; we are expecting that EURUSD drop down to 1.22471 this week and DXY climbing back up to 90.35, with an attempt to break above this level.

We noticed that BoC is going to make a rate decision today, they have a follow-up meeting later in the day, it is reasonable to believe that there will be some fairly high volatility on any CAD pairs today, keep your SLs tight and TP long.

Forex News Review

In today’s Forex Forecast and Signals, we start by reviewing our Forex economic calendar HERE,  listed below are the reports we believe can create some volatility today.

  • Fed’s William Dudley speech (USA) 
    • Willian C. Dudley is the 10th president and chief executive officer of the Federal Reserve Bank of New York. He got his bachelor’s degree from New College of Florida in 1974 and received his doctorate in economics from the University of California, Berkeley in 1982.
  • BoC Rate Statement (CAD)
    • This statement is the primary medium used by the Bank of Canada (BoC) to communicate with investors about monetary policy decisions, specifically those regarding interest rates.
  • EIA Crude Oil Stocks change (USA)
    • The EIA Crude Oil stockpiles report is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates, and it’s released by the Energy Information Administration.
  • BoC Press Conference (CAD)
    • BOC Governor and Senior Deputy Governor hold a press conference after the release of BOC Monetary Policy Report. The press conference has 2 parts – first a prepared statement is read, then the conference is open to press questions.
  • Fed’s William Dudley speech (USA)

CHARTS REVIEWS

Review our charts and follow them accordingly.

Play it careful and enjoy. 

EURUSD Forecast

Forex Forecast for EURUSD

Source: http://www.myownforex.guru

DXY Forecast

Forex Forecast for DXY

Source: http://www.myownforex.guru

One thought on “Forex Forecast / Forex Signals / Forex Trade Setup April 18th”

  1. Oh boy so much research – nice! But i must disagree with the analysis. It is fabolous long – and it will not reach that low you are projecting. Please do not take it as criticism – just my view : )
    I wish you best of luck.

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